Yes, It’s Legal! Many people assume that it’s illegal to stamp or write on paper currency, but they’re wrong! We’re not defacing U.S. currency, we’re decorating dollars! You CANNOT burn, shred, or destroy currency, rendering it unfit for circulation.

The answer is no: it is not illegal to make jewelry out of coins. It only becomes illegal if a person is attempting to fraudulently alter the coin. Consider the penny smashing machine at national parks and many other government and public attractions. U.S. Code is 18 U.S.C.

Is it illegal to turn a coin into a ring? No. US laws state that it is illegal to deface or alter currency ‘with the intention to defraud’. There is no intent to defraud or counterfeit by creating the ring.

As you are already aware, a federal statute in the criminal code of the United States (18 U.S.C. 331), indeed makes it illegal if one “fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales or lightens” any U.S. coin.

If you are looking to earn money per square foot a penny presser is earns more money for its footprint without needing to be stocked. Our penny press machines are easy to operate and provide an unlimited income stream.

Banks can exchange some mangled money for customers. Typically, badly soiled, dirty, defaced, disintegrated and torn bills can be exchanged through your local bank if more than half of the original note remains. These notes would be exchanged through your bank and processed by the Federal Reserve Bank.

Under regulations issued by the Department of the Treasury, mutilated United States currency may be exchanged at face value if: More than 50% of a note identifiable as United States currency is present.

Burning money is illegal in the United States and is punishable by up to 10 years in prison, not to mention fines. It’s also illegal to tear a dollar bill and even flatten a penny under the weight of a locomotive on the railroad tracks.